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FBR directs Customs to collect 20pc FED on imported vehicles

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KARACHI: Federal Board of Revenue (FBR) has directed all customs collectorates to collect enhanced federal excise duty (FED) at 20 percent on import of motor vehicles.

Customs sources on Saturday said that the FBR issued directives to all customs stations to collect enhanced FED as the levy had been increased to 20 percent from 10 percent through Finance (Supplementary) Act, 2018.

The FBR said that in case the enhanced rate was not entered in the WeBOC system the collectorate should ensure the levy at the time of customs clearance by considering the HS Codes of related vehicles.

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